BROWSING TAG "Cuts"

Profits per partner at international firm Reed Smith dropped by 8% in 2015, partly due to the slump in global commodity prices. PEP in the year ending December 2015 was $1.1m (£0.77m), down 8.1% from the previous year’s $1.2m. Revenue dropped…

Due to a significant plunge in full-year profits, board members at Standard Chartered have agreed to forfeit their bonuses. Figures including an increase in losses made on bad loans from $1.62bn to $2.14bn, and a 2% decline in operating income,…

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